Credit card cash withdrawal is a disguised form of credit card cash withdrawal, which is not allowed by law.

There are two main ways to increase the amount:

1. Temporarily increase the credit line. Increasing the credit card limit in a short time can be solved by calling the customer service phone of the bank credit card center, but the time for temporarily increasing the credit limit is limited, usually one month.

2. Go to the bank to apply for increasing the credit card limit. The bank will review the actual consumption and then increase the credit card limit.

Not everyone can directly raise the amount. Individual cardholders use credit cards to cash out on illegal POS machines, and the money collected is used for other purposes.

For credit card cashing and other risky behaviors, banks have their own screening mechanism, which makes it easy to identify cashing behaviors. Once the frequency of cashing out is too high, you may be punished by the bank, including not being able to withdraw cash, even reducing the limit of your credit card, stopping the card, and seriously investigating the criminal responsibility of the cardholder.

Extended data

Case:

A long-distance bus from Wuchang to Fujian was routinely inspected by Wuhan police at Wudong toll station, and two male passengers looked nervous. In his carry-on luggage, 23 bank cards, credit card POS machines and other people's ID cards were found.

Among them, Wenmou confessed that they are all from Anxi, Fujian, and 19 of the 23 cards were bought through online money. "I was going to take these cards and POS machines to help others cash out, but the result was not made."

32-year-old Wen and his partner Wang were detained by the police for illegally holding a large number of other people's bank cards and suspected of obstructing credit card management. The investigation of the case shows that they only carry these cards and POS machines to help people "++"get illegal funds.

Although helping others++failed, Wenmou was still sentenced for illegally holding a large number of bank cards of others and committing the crime of obstructing credit card management. The prosecutor handling the case said with anxiety that the loopholes in the management of bank cards gave criminals an opportunity to "++"and even formed a gray++industrial chain. Wenmou is a link in this industrial chain.

People's Daily Online-Banker: Illegal cash withdrawal affects credit card cash withdrawal.

People's Daily Online-Finance-A man was sentenced for buying 19 bank cards to help others++illegally holding cards.

Is it illegal to keep a credit card?

The act of keeping a credit card may constitute the crime of illegal business operation or the crime of credit card++.

According to the first and third paragraphs of Article 12 of the Interpretation of the Supreme People++_ the Supreme People's Procuratorate on Several Issues Concerning the Specific Application of Laws in Handling Criminal Cases of Impairment of Credit Card Management, in violation of state regulations, cash is directly paid to credit card holders by means of fictitious transactions, false pricing, cash return, etc., and if the circumstances are serious, it shall be convicted and punished for the crime of illegal business operation in accordance with the provisions of Article 225 of the Criminal Law.

If the cardholder maliciously overdraws in the above way for the purpose of illegal possession and should be investigated for criminal responsibility, he shall be convicted and punished for the crime of credit card++in accordance with the provisions of Article 196 of the Criminal Law.

legal ground

Article 12 of the Interpretation of the Supreme People++the Supreme People's Procuratorate on Several Issues Concerning the Specific Application of Laws in Handling Criminal Cases of Impairment of Credit Card Management violates state regulations, and directly pays cash to credit card holders by means of fictitious transactions, false pricing, cashback, etc. If the circumstances are serious, he shall be convicted and punished for the crime of illegal business operation in accordance with the provisions of Article 225 of the Criminal Law.

If the cardholder maliciously overdraws in the above way for the purpose of illegal possession and should be investigated for criminal responsibility, he shall be convicted and punished for the crime of credit card++in accordance with the provisions of Article 196 of the Criminal Law.

Is it illegal to keep a credit card?

It's not illegal, but there will be demand for cash when it reaches a certain amount, and it's illegal to cash out credit cards.

Malicious overdraft will be sentenced to jail if it reaches a certain amount.

What is a card?

Under normal circumstances, the principle of keeping a card by card is to stagger the repayment dates of several credit cards. Before the repayment period, the first credit card is used for daily consumption, the second credit card is used for overdraft, and the debt of the first credit card should also be paid. By analogy, several credit cards are overdrawn in turn.

Is it illegal to keep a credit card?

Some card players think that raising cards and playing cards are the same thing. Raising a card is to simulate real consumption and make the bill look better, so that the bank will not only avoid risk control, but also help to increase the quota.

Indeed, it is not illegal to raise a card in this way, but there will be a demand for cashing out when it is raised to a certain amount, and cashing out a credit card itself is illegal. Those who maliciously overdraw to a certain amount or more will be sentenced to jail. At the same time, if the bank or credit card company finds out that the card is raised by the card, it will be recorded in the credit blacklist, and some bank wealth management services will not be available in the future. If you can't get a loan, you can't mortgage it.

Secondly, from the operational point of view, the amount of liabilities for card maintenance is snowballing, and the liabilities of all cards will only increase rather than decrease. When this snowball rolls to the credit limit of a card, you will pay the price, so even if it is not found by the bank, it will not last long. It really doesn't make much sense, just send a handling fee to the cash-out service company. Therefore, raising a card with a card can only be a temporary emergency, not a long-term solution.

Credit card maintenance is popular among urban white-collar workers, mainly by asking others to pay the overdraft fee of the credit card and then making false consumption, so as to ensure that the credit will not be damaged. "Raising a card" is actually a cash-out behavior, which is prohibited by law.

Illegal card-raising behavior: it is mainly to ask others to pay the overdraft fee of the credit card by paying the handling fee, and then make false consumption, so that the credit will not be damaged. Bankers reminded that "raising cards" can easily lead to the disclosure of credit card information and be used by criminals for profit.

Is it illegal to cash out credit cards?

It is illegal for credit card cashing to disturb the normal financial order. Under normal circumstances, after the bank finds that the user's credit card transaction is abnormal (illegal cashing), it will generally take measures to seal the card or reduce the amount to curb this illegal cashing behavior. It is reported that the central bank is studying to record the cash-out behavior of cardholders in the personal credit information system, which directly affects their personal credit records.

Legal basis:

Article 196 of the Criminal Law of People's Republic of China (PRC), who engages in credit card++activities under any of the following circumstances, if the amount is relatively large, shall be sentenced to++fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than++or++10 years, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan or confiscated property:

(a) using a forged credit card, or using a credit card fraudulently obtained with a false identity certificate;

(2) Using an invalid credit card;

(3) Fraudulent use of another person's credit card;

(4) malicious overdraft.

The term "malicious overdraft" as mentioned in the preceding paragraph refers to the behavior that the cardholder overdraws beyond the prescribed limit or time limit for the purpose of illegal possession, and refuses to return it after being urged by the issuing bank. ++credit cards used together shall be convicted and punished in accordance with the provisions of Article 264 of this Law.

This concludes the introduction of whether it is illegal to keep credit cards and whether it is a crime to keep credit cards. I wonder if you have found the information you need?